TRENDS

Australian Tea Tree Oil Market Update

November 19, 2020

Market Insights

Australian Tea Tree Oil, known for its antiviral properties, has seen a spike in market demand mainly attributed to  COVID-19. The demand continues to remain strong and firm within a tight market, without price increases (not including the currency exchange rate).

Crop Conditions

Last year’s crop encountered a severe drought, the crop this year produced 30% less than the year prior. The next harvest begins in June and runs through October.

Procurement

Roughly 65% of the new crop was sold prior to the harvesting season. Due to high demand, now is a great time to stock up on Tea Tree Oil. If you would like to request a sample of this product or are looking for more information, please fill out the contact form and a member of our team will reach out shortly.

Connect with an expert

Talk with our experts at Prinova today to learn how our Australian Tea Trea Oil ingredient and related services can elevate your product.